VST Industries Ltd

VST Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

VST Industries Ltd

₹ 283 0.87%
20 Jun - close price
vsthyd.com BSE: 509966 NSE: VSTIND
About

VST Industries is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products.(Source : 202003 Annual Report Page No: 93)

Key Points

Leading Cigarette Manufacturer
The company is the 3rd largest player in the domestic cigarette market, with a significant presence in West Bengal, Andhra Pradesh, Telangana, Bihar, and UP with a 8% market share based on volume. [1] Its cigarette brand Total is among the top 10 brands in the industry. [2]

Website BSE NSE
  • Market Cap ₹ 4,802 Cr.
  • Current Price ₹ 283
  • High / Low ₹ 487 / 235
  • Stock P/E 22.6
  • Book Value ₹ 77.9
  • Dividend Yield 3.54 %
  • ROCE 20.9 %
  • ROE 16.5 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 23.1%
  • Company has been maintaining a healthy dividend payout of 68.7%

Cons

  • The company has delivered a poor sales growth of 2.43% over past five years.
  • Promoter holding is low: 32.2%
  • Earnings include an other income of Rs.135 Cr.
  • Working capital days have increased from 108 days to 209 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Fast Moving Consumer Goods Fast Moving Consumer Goods Cigarettes & Tobacco Products Cigarettes & Tobacco Products

Part of BSE Fast Moving Consumer Goods BSE SmallCap BSE Allcap Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
303 301 344 346 302 333 350 363 375 321 360 367 349
196 188 251 251 220 228 271 290 278 248 292 299 280
Operating Profit 106 113 93 95 82 105 79 72 97 73 68 68 70
OPM % 35% 38% 27% 27% 27% 32% 23% 20% 26% 23% 19% 19% 20%
17 11 33 16 16 12 29 9 30 9 8 108 10
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 9 7 7 7 8 8 9 10 11 10 11 11 12
Profit before tax 115 117 119 103 90 109 99 71 115 72 65 166 67
Tax % 24% 26% 22% 24% 23% 23% 23% 24% 23% 26% 26% 18% 21%
87 87 92 79 69 84 76 54 88 54 48 136 53
EPS in Rs 5.13 5.13 5.42 4.65 4.04 4.93 4.47 3.16 5.19 3.15 2.80 8.02 3.12
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
789 836 883 922 948 1,099 1,239 1,111 1,178 1,292 1,420 1,398
571 594 646 675 654 746 825 700 767 910 1,067 1,119
Operating Profit 218 243 237 248 294 353 415 411 412 383 353 279
OPM % 28% 29% 27% 27% 31% 32% 33% 37% 35% 30% 25% 20%
32 18 20 20 25 39 47 42 47 76 80 135
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 27 32 31 37 39 41 42 35 30 30 38 44
Profit before tax 224 229 227 231 279 351 420 417 428 429 395 370
Tax % 33% 33% 32% 34% 35% 35% 28% 26% 25% 24% 24% 21%
150 152 153 152 182 227 304 311 320 327 302 290
EPS in Rs 8.84 8.96 9.01 8.92 10.71 13.35 17.90 18.29 18.85 19.25 17.75 17.10
Dividend Payout % 72% 71% 71% 76% 66% 65% 52% 57% 68% 71% 77% 58%
Compounded Sales Growth
10 Years: 5%
5 Years: 2%
3 Years: 6%
TTM: -2%
Compounded Profit Growth
10 Years: 4%
5 Years: -7%
3 Years: -13%
TTM: -29%
Stock Price CAGR
10 Years: 7%
5 Years: 0%
3 Years: 2%
1 Year: -24%
Return on Equity
10 Years: 30%
5 Years: 27%
3 Years: 23%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 15 15 15 15 15 15 15 15 15 15 15 170
Reserves 313 331 355 524 567 649 772 925 1,059 1,164 1,237 1,153
0 0 0 0 0 0 0 0 0 0 0 0
427 479 457 259 482 541 610 545 516 474 468 493
Total Liabilities 755 826 827 798 1,064 1,205 1,397 1,486 1,591 1,654 1,720 1,816
209 198 174 220 195 213 187 173 195 590 268 307
CWIP 0 0 41 1 34 0 13 33 10 0 47 1
Investments 181 171 162 174 416 575 753 887 971 577 447 532
365 457 450 403 419 416 444 393 415 486 958 976
Total Assets 755 826 827 798 1,064 1,205 1,397 1,486 1,591 1,654 1,720 1,816

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
130 118 132 146 420 290 331 286 277 181 167 193
-18 3 -24 -18 -264 -148 -155 -144 -96 47 79 10
-113 -126 -130 -130 -139 -144 -177 -159 -187 -224 -231 -221
Net Cash Flow -1 -6 -22 -2 17 -2 -0 -17 -5 5 16 -18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 4 5 5 5 11 5 5 5 10 12 12 17
Inventory Days 255 336 316 257 196 187 182 226 210 205 220 222
Days Payable 48 71 54 44 45 55 87 84 74 57 57 58
Cash Conversion Cycle 211 270 267 218 162 137 99 148 147 161 175 180
Working Capital Days -54 -32 -18 43 -44 -58 -63 -58 -42 -4 118 209
ROCE % 69% 65% 58% 51% 50% 56% 58% 48% 42% 38% 32% 21%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
32.16% 32.16% 32.16% 32.16% 32.16% 32.16% 32.16% 32.16% 32.16% 32.16% 32.16% 32.16%
1.84% 1.69% 1.86% 1.64% 1.55% 1.40% 1.39% 1.37% 1.83% 1.82% 1.98% 1.87%
16.62% 16.64% 16.62% 16.87% 17.24% 17.54% 17.52% 15.69% 12.64% 9.07% 8.96% 7.22%
49.01% 49.14% 49.00% 48.96% 48.69% 48.53% 48.57% 50.42% 53.00% 56.77% 56.71% 58.57%
0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.37% 0.19% 0.19% 0.19%
No. of Shareholders 33,28932,98832,58832,00231,25830,43131,07332,86834,3551,05,8321,22,8571,50,548

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings